Romania is the 40th largest export economy in the world. In 2016, Romania exported $64.8B and imported $72B, resulting in a negative trade balance of $7.23B. In 2016 the GDP of Romania was $187B and its GDP per capita was $23k.

Exports

In 2016 Romania exported $64.8B, making it the 40th largest exporter in the world. During the last five years the exports of Romania have increased at an annualized rate of 0.8%, from $61.8B in 2011 to $64.8B in 2016. The most recent exports are led by Vehicle Parts which represent 8.25% of the total exports of Romania, followed by Insulated Wire, which account for 6.42%.

Imports

In 2016 Romania imported $72B, making it the 40th largest importer in the world. During the last five years the imports of Romania have decreased at an annualized rate of -0.7%, from $74.3B in 2011 to $72B in 2016. The most recent imports are led by Vehicle Parts which represent 4.22% of the total imports of Romania, followed by Packaged Medicaments, which account for 3.55%.

Origins

Economic Complexity of Romania

Product Space

The product space is a network connecting products that are likely to be co-exported and can be used to predict the evolution of a country’s export structure.

Romania exports 269 products with revealed comparative advantage (meaning that its share of global exports is larger than what would be expected from the size of its export economy and from the size of a product’s global market).